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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 170.155

Ordering rule for losses previously transferred under Subdivision 707-A of the Income Tax Assessment Act 1997

                   If 2 or more losses that a company can transfer for an income year under Subdivision 170-B of the Income Tax Assessment Act 1997 were previously transferred to it under Subdivision 707-A of that Act, it must transfer first those losses (if any) covered by subsection 707-350(1).

Table of sections

170-220    Direct and indirect interests in the loss company

170-225    Direct and indirect interests in the gain company



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